Commodities, Business & Shipping

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Unionized Starbucks workers begin nationwide strike​

Unionized Starbucks baristas announced a strike on Thursday amid stalled negotiations between the workers’ union and the company.

The union, Starbucks Workers United, announced the strike Thursday morning, saying it would span at least 65 stores across more than 40 cities, including Philadelphia. The strike begins on Starbucks’ Red Cup Day, and the union has planned pickets around the country.

More:

https://www.msn.com/en-us/money/com...ationwide-strike/ar-AA1Qo1gO?ocid=socialshare
 
The Dow Is Close to 50,000. How the Heck Did We Get Here So Fast? The Dow Jones Industrial Average took 103 years to reach 10,000, in 1999, after starting at 40.94 in 1896. Milestones at 20,000, 30,000, and 40,000 occurred in rapid succession starting in 2017, with decreasing fanfare. The Dow is now approaching 50,000, with annualized gains of 6.4% from 10,000 in 1999. (Barron’s)
 

Nasdaq closes higher, snapping three-day losing streak as tech stocks recover some ground​

The Nasdaq Composite rebounded on Friday as investors bought up shares of key technology stocks a day after the group led Wall Street to its worst day in more than a month.

The tech-heavy Nasdaq gained 0.13% to finish at 22,900.59, snapping a three-day losing streak. The S&P 500 finished near the flatline, down just 0.05% at 6,734.11, while the Dow Jones Industrial Average lost 309.74 points, or 0.65%, to settle at 47,147.48. The three indexes bounced back significantly from their lows earlier in the day, which had the Nasdaq and S&P 500 down 1.9% and about 1.4%, respectively. The Dow had fallen almost 600 points, or roughly 1.3%.

More:

 

S&P 500 futures drop for a fourth-day as tech shares slump, bitcoin breaks below $90,000: Live updates​

Stock futures fell again on Tuesday after tech shares continued to slide on concern about valuations of AI-related stocks and as bitcoin dropped briefly below $90,000, a sign of reduced risk-taking by investors.

S&P 500 futures shed 0.4%, putting the major benchmark on track for its fourth-straight day of losses, its longest losing streak since August. Nasdaq-100 futures dropped 0.5%. Futures tied to the Dow Jones Industrial Average lost 304 points, or 0.7%.

Nvidia fell about 1% in the premarket, while Palantir Technologies dipped 2%. Amazon and Microsoft were also down more than 1%. Nvidia is down 8% this month ahead of the chipmaker’s third-quarter results due after Wednesday’s close. The company, which is reporting toward the end of a strong earnings season, has been at the center of a debate about the strength of the artificial intelligence-powered market rally this year. Concerns have grown about pricey tech valuations and the soundness of AI fundamentals due to a boom in Big Tech debt offerings.

More:

 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…